This option works best for the customer who needs financing for working capital, debt consolidation, sale lease-backs or other business purposes.
- You may obtain cash for equity in your Cat equipment.
- Monthly, quarterly, semi-annual, annual and variable payment schedules are available at fixed rates. Floating rates may also be considered.
- A line of credit may be established so that you can obtain loans as the need arises.
- Length: 3-5 years
- Finance Rate: Generally Fixed (floating rates may be considered)
- Payment Flexibility: Monthly, quarterly, semi-annually, annual, and variable payments
- Collateral: Required